IS THE MARKET SLOWING…OR ARE WE COMING OUT OF THE END OF SUMMER FOG? 7 Day Market Update and Weekend Open House List-Hermosa Beach

UPDATE_HEADER
9/9/16
5 New Listings (click to see)
1 In Escrow (click to see)
5 Closed Sales (click to see)

48 Active Listings in Hermosa Beach
SFR- 35
TWNHS- 10
CONDOS- 3

Actives by Hermosa Areas:
Sand Section: 29 Active listings
Valley Section: 11 Active listings
East Hermosa: 8 Active listings 
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This is a market snapshot of Hermosa Beach Real Estate over the last 7 days. We are not presenting these properties as our listings. Click the IDX link above to see the recent Active, Pending and Closed properties in HB.

NEW ACTIVE
164 Ardmore Listed for $1,349,000 4 bed/3 bath
164
This is a 12-unit complex that was built in 2001. This townhome last sold in 2010 for $960K. We sold the last unit in this complex, 617 1st place in 2014 for $1,170,000. It was a larger, interior unit with 2340 sq. ft.

516 24th ST Listed for $1,399,000 2 bed/1.5 bath
516
This one first hit the market in June of this year for $1,559,000 and didn’t sell. It’s back on the market for $160K less. This single family home is located about 5 blocks from the beach. It sold in 2012 for $965K, however it appears there have been some upgrades since that time.

1501 Palm Listed for $3,399,000 4 bed/4.5 bath
1501
This newly constructed townhome is back on the market. It was originally put on the market at the beginning of this year, however didn’t sell. It is located just a short stroll to the sand and has ocean views right down 15th street. The lot was purchased in 2013 for $1,725,000 prior to building the 2 current townhomes.

719 21st Listed for $2,599,000 3 bed/2.5 bath
719
This detached townhome was built 4 years ago and is located slightly west of PCH and has some ocean views. The property last sold when it was built in 2012 for $1,630,030. 721 21st, which is a similar unit, sold in August of this year for $2,315,000.

705 30th Listed for $1,530,000 2 bed/3 bath
705
This is a single-family home that has been recently remodeled. It sits west of PCH and has some ocean views. The home last sold in 1985 for $128,500.

IN ESCROW
1032 6th St Listed for $2,199,000 4 bed/3.5 bath
1032
After 2 ½ months, this is a detached townhome located east of PCH has a buyer. The property was on the market in 2014 for $2.1M, however it didn’t sell. It looks and shows well.

CLOSED
501 Gentry Sold for $1,347,500 4 bed/2 bath
501
It only took 2 days on the market and a $51,500 trim to put this single-family deal together. It last sold in 2012 for $799K.

1500 Hermosa Ave Sold for $3,400,000 4 bed/3.5 bath
1500
This one first hit the market in February at $3,899,000….which was a ground breaking asking price. After 2 price reductions, this townhome has sold. Although they are pushing the realm of price, you simply cannot find another product that offers what this has.

439 Palm Sold for $2,399,000 4 bed/4.5 bath
439
After 3 weeks, this attached townhome sold for right at asking price. It is part of a 2-unit townhome development. Its partner (438 Hermosa Avenue) sold earlier this year for $2,975,000.

617 5th Sold for $1,700,000 3 bed/4 bath
617
That was quick! In 6 days and with $50K above list price, this deal is done. It is located 2 properties from the greenbelt and last sold in 2012 for $1,160,000.

2046 Prospect Sold for $1,269,000 3 bed/2 bath/1 (pwd)
2046
This one went quick and for right at the asking price. The home last sold for $764K in 2012.
If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call or text me direct at 310-613-1690 or email me at dronp@aol.com.
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